A U.S. judge handed Chevron Corp. a key victory in the energy company’s long-fought battle against a multibillion-dollar pollution lawsuit in Ecuador, ruling the American lawyer leading the case resorted to bribery and fraud.
Chevron Corp. won a U.S. judge’s ruling that a multibillion-dollar pollution judgment issued in Ecuador was procured by fraud, making it less likely that plaintiffs will collect the $9.5 billion award.
DLA Piper UK partners Debra Erni and Graham Tyler, who headed the asset finance practice, will join Pillsbury Winthrop Shaw Pittman LLP’s transportation finance team in London at the beginning of May with three associates.
Russia’s military intervention in Ukraine threatens to derail energy exploration in a region that holds a quarter of the world’s natural gas reserves, weigh on currencies and force companies to work to contain the damage.
Interest rates topping 11 percent and collateral made up of aging vessels including a pair of almost 30-year-old tug boats helped lure investors to Oceanografia SA’s sale of $335 million of bonds in 2008.
Chevron Corp., the fourth-largest oil and natural gas company by market value, is conducting a strategic review of its U.S. midstream business which could result in a sale of some or all of the unit, people with knowledge of the matter said.
The world’s largest oil companies from Royal Dutch Shell Plc to Exxon Mobil Corp. are likely to reassess deals to drill in Ukraine where political crisis is threatening a promising source of new profits as well as the country’s drive for energy independence.
A barge crash that spilled enough oil to temporarily shut a stretch of the Mississippi River highlights the transportation risks of the U.S. energy boom just as regulators respond to several rail accidents involving crude.